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If Opening / Closing Stock value not showing in Profit and Loss Account and Balance sheet then how to resolve it in Marg Software ?

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Ans.1

Cause:

This issue appears when there are 2 'Stock In Hand' ledger created in software.

Fig.1 View of blank Opening and Closing Stock Value in Profit & Loss.

Fig. 2 View of blank Closing Stock value in Balance Sheet.

In order to resolve Remove one Stock in Hand Ledger, the user needs to follow the below steps:

  • Go to Final Reports > Profit & Loss.

  • Now the user will press 'Enter' key on closing stock.

  • Now the user will check the count of 'Stock In Hand' ledgers created in data.

  • Now, Go to Masters > Ledger Master > Ledger > Delete Ledger.

  • A 'Ledger Alteration' window will appear.
  • Select the 'Stock In Hand' ledger and Press 'Delete' key.

Note: The other Stock in Hand Ledger should be in 'Stock in Hand' Account Group.

  • A 'Delete Ledger' window will appear.
  • Click on 'Delete'.

  • A 'Be Careful' window will appear. 
  • The user will select 'Yes'.

  • The user can view Opening / Closing Stock Value will get display.
  • Fig.3 View of opening and closing stock value in Profit & Loss A/C

  

  • Fig.4 View of closing stock value in Balance Sheet.

After following the above steps, the Opening / Closing Stock value will get displayed in Profit and Loss Account and Balance sheet in Marg Software.

Ans.2

1. Go to Final Reports > Profit & Loss.

2. A 'Stock Valuation' window will appear.

3. Click on 'All Days'

4. In 'Update opening' option, select 'Yes' and press 'Enter' key. 

Ans.3

For opening stock user needs to run carry balance from the last year by following the below steps:-

1. In Current Financial Year go to Reports > Management Reports > Utilities > Carry Balance.

2. A 'Carry Balance' window will appear.

3. Click on 'Yes'.

4. In 'Carry Stock Balances' option, the user will select 'Yes'.

5. Keep pressing 'Enter' key.

6. Click on 'Yes' to Proceed.

Ans.4

1. Go to Master > MargSetup > Control Room.

2. A 'Control Room' window will appear.

3. The user will select ‘Search in All' and search 'Item Trading'.

4. Click on ‘Accept’.

5. A 'Bill Discount' window will appear.

6. In ‘Item wise Trading Account.If required Type #7%’ option, the user will remove '#7%'.

7. The user will now press 'ESC' key twice. Click on ‘Yes’ to Save changes.

After following the above steps user needs to run  Structure Verification.

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